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Raleigh Quick Facts*


Population:363,200
Average Home Value:$173,079
Average Household Income:$52,801

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Raleigh, North Carolina Real Estate



Raleigh, North Carolina Realty

            Raleigh, NC is the beautiful seat of Wake Forest County and capital of North Carolina, known as the “City of Oaks” for its many beautiful oak trees.  The Raleigh area was once home to many Indian tribes, including the Iroquoian, Siouan and Algonquian.  North Carolina, with Raleigh as its main government seat, was one of the original 13 colonies and the first to call for independence.  Today, Raleigh, North Carolina is known for being a cutting-edge city full of Southern charm, booming with hi-tech and biotech research alongside a beautiful historic downtown.

Real Estate in Raleigh, North Carolina

            Realtors in Raleigh, NC will be the first to brag that their city of 300,000 has not felt the crush of the sometimes wildly unstable real estate market.  On the contrary, Raleigh homes for sale have continued to grow in value consistently for at least the last ten years.  Contributing to the stability of Raleigh realty is the presence of many major corporations, including IBM, Lenovo, Cisco, Red Hat, Alcatel-Lucent, and Siemens.  The strong economy has not overly inflated the cost of houses for sale in Raleigh, however.  A home in Raleigh, North Carolina is on average $20,000 less expensive than a comparable home nationwide.

Homes For Sale in Raleigh, North Carolina

            Before moving to Raleigh, one must learn that the city is divided into five parts.  Old Raleigh is home to the historic district and might be considered “original Raleigh.” East Raleigh and West Raleigh were developed next, with many business and residential areas located here.  North Raleigh is a new part of town where many large, first-class shopping centers can be found.  Last is South Raleigh, the least dense area waiting to be developed as the city continues to expand.

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Area Statistics*
Avg. people per household2.36
Median age33.05
Median age - men32.35
Median age - women33.77
# of businesses**13,143
Total # employed**214,420
 
White population246,751
Black population86,852
Hispanic population22,591
Asian population11,378
Hawaiian population140
Indian population1,242
Other population10,440
Male population180,511
Female population182,689
*Statistics taken from 2000 U.S. Census
**According to 2003 Census